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biz beat


Turkey Creek management named

• After a $131 million sale, signs up at Turkey Creek Pinnacle and Promenade announce the properties are being managed and leased by Bayer Properties LLC out of Birmingham, Ala.



Private sector hiring up

• According to payroll-processing firm ADP, private-sector companies nationwide ramped up their hiring to 325,000 jobs in December, up from 204,000 in November.



Publix, Wal-Mart slated for downtown

• Local developer CHM LLC has announced a planned vertical retail complex, University Commons, featuring Publix and Wal-Mart at the former Fulton Bellows site off Cumberland Avenue.


Unemployment claims down

• According to the U.S. Department of Labor, national unemployment insurance claims were down the last week of December to 372,000, a decrease of 15,000 from the previous week.



County could sell Hall of Fame

• Knox County is looking to sell the Women’s Basketball Hall of Fame, while preserving the general operation of the tourism draw.



Kodak looks at bankruptcy

• According to “The Wall Street Journal,” Eastman Kodak Co. is considering filing for Chapter 11 bankruptcy protection, presumably continuing to operate normally while selling more than 1,000 patents.



Parkside Subway closed

• Subway restaurant, 11479 Parkside Drive, near Best Buy, has closed.

 

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